Aerospace Group:

Business/Financial

L3Harris Opens With Strong Third Quarter; Raises Earnings Outlook

By Cal Biesecker

Wednesday, October 30th, 2019

SHARE:

L3Harris Opens With Strong Third Quarter; Raises Earnings Outlook

L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] on Wednesday posted strong third quarter consolidated sales and earnings that combine the results of the former Harris Corp. and L3 Technologies and raised its guidance for earnings this year. Pro forma sales increased 10 percent to $4.4 billion from $4 billion a year ago and adjusted operating income grew 25 percent to $766 million, $2.58 earnings per share (EPS), from $612 million ($2.04 EPS), topping consensus estimates by 21 cents per share. Adjusted operating margins were…

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]